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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: J. Conley who wrote (9280)	7/1/1998 7:25:00 PM
From: Seth Leyton	Read Replies (2) \| Respond to of 42804

Some of you who've been listening to me rant and rave for a while on this thread have heard me say this before. I work with a gentleman who was a specialist for over 20 years on the floors of the NYSE, AMEX, CBOE, etc. He owned seats on all of these exchanges and it is from this person that I gain my market knowledge. Every time I begin to complain about a stock dropping on no volume he reminds me every time..."stocks go up on big volume, drop on little volume." This is no great observation but it is true every day. Even when the market as a whole drops it's on 550mm shares yet it takes almost 700mm to make it run up big. It's most true in stocks. It'll take 1mm shares to get MRVC up 3 points. But it could drop a point or more on only 20-30 thousand. Good luck...

To: J. Conley who wrote (9280)	7/2/1998 7:53:00 AM
From: KLH	Respond to of 42804

Very interesting. Titanium Metals, a very profitable company is moving from the NAZ to the NYSE this month. The reason reported was to help curtail the stocks volitity. The stock has been cut almost in half since its high.

To: J. Conley who wrote (9280)	7/10/1998 5:09:00 PM
From: J. Conley	Read Replies (2) \| Respond to of 42804

OT I posted a comment on MM's about a week ago. This is from yesterday's WSJ (paraphrased): >>The SEC is preparing civil charges against more than three dozen securities firms and more than 100 traders. The case stems from the SEC and DOJ investigation over alleged price manipulation by dealers on Nasdaq. (Among the few specifically named in the article, Merrill Lynch. I believe ML is the third most active MM in MRVC, but there are many others.) The SEC report, which is chock full of conversations among Nasdaq traders, both to one another and in sworn testimony, offered instances of traders coordinating their price quotations in a bid to fix prices on Nasdaq. For example, in one tape transcript, one trader asked another to move up his bid ¬ point above the selling price. At one point in the conversation between the two traders, the second trader admitted to "goosing [the stock] cuz." To which the first trader replied: "Thank you." << (this little exchange probably occurred around a resistance level that a lot of folks were watching.) What does this have to do with MRVC? Maybe nothing, maybe something, (and that's why I posted this off topic) but all investors should be aware of the funny business that can and does go on with the MMs. Do you think shareholders of the stock being manipulated wondered what was going on? jc